topic Capital One Card in Credit Cards

Capital One Card

Eddie24CO — Thu, 05 Apr 2012 00:24:21 GMT

Hey guys.. just wanted your thoughts on this as I have never recieved a message like this before

I currently have 2 capital one cards both with $750 limits for over a year, I also have 2 other HSBC cards with crappy limits, a Jared Card with a $2,500 limit, and a Walmart Card with a $600 limit and Kohls with a $600 limit. Always pay on time ... yada yada.. my utlization is 17% of all my cards combined as currently reported to the credit beauru.

My score was just ran by a lender the other day as I bought a new car and I had a 659 TU, 644 EQ and EX

Anyway....... to my point.. I applied for another Capital One card just to soley have another open credit line and transfer the balances over from the other higher APR cards and I go this message

"Notification of approval status will be typically sent in 7 to 10
business days; however, in certain circumstances it may take up to 15
days."

I do have a security alert on my credit report, however when I bought the car it wasn't an issue and didn't get no call for approval

Any idea if that means it is approved, denied or what it means? Thanks

Re: Capital One Card

Anonymous — Thu, 05 Apr 2012 00:32:04 GMT

Currently, you can only have 2 Cap1 cards unless it's a business card or co-branded product...i.e. Sony PlayStation card. If you have 2 Cap1 cards, usually they won't even pull your credit and the letter they send in the mail will be to the affect of: You've reached the maximum amount of cards.

Since Cap1 is acquiring HSBC, I wonder if the limit will change...but as of right now, 2 Cap1 cards are the max.

Hope this helps..

Re: Capital One Card

pizzadude — Thu, 05 Apr 2012 00:35:03 GMT

I have no idea what this means ~ but as far as I know you can have more than two Cap1 cards, in fact they seem to encourage you to have several.....

Can you call in and find out the application status ?

Did you say that you have a fraud alert on your reports ? Or do you have them frozen ?

Re: Capital One Card

aussiesareforever — Thu, 05 Apr 2012 00:56:56 GMT

There was a recent thread and it appeared that the consensus was you could only have 2 CapitalOne cards unless it is a co-branded card

http://ficoforums.myfico.com/t5/Credit-Cards/Capital-one-How-many-cards-can-you-have/td-p/1257227/highlight/true

Re: Capital One Card

bichonmom — Thu, 05 Apr 2012 01:16:16 GMT

+1 to previous posts. A Cap One employee has posted here that you can only have 2 Cap One personal CCs, unless it's a co-branded card. The jury is still out as to whether or not they do a HP. One person said they didn't get a HP, but someone else said they did, so who knows. In order to app for a new Cap One, you would need to close one of your current cards.

Re: Capital One Card

pizzadude — Thu, 05 Apr 2012 01:17:41 GMT

Thanks for posting ! Guess I missed that ~ yeah it looks like you can only have two.

Re: Capital One Card

Eddie24CO — Thu, 05 Apr 2012 02:53:06 GMT

capital ones MTV card ...
I have a kohls card through Capone and had no issue obtaining it

HSBC limits u to two cards.. Not cap one my friend has 4 of them

Re: Capital One Card

Eddie24CO — Tue, 10 Apr 2012 20:33:46 GMT

Well I did get approved. I don't know the CL yet but it is no annual fee, 0% interest for 6 months and 19% APR

Re: Capital One Card

Anonymous — Tue, 10 Apr 2012 20:44:32 GMT

@Eddie24CO wrote:
Well I did get approved. I don't know the CL yet but it is no annual fee, 0% interest for 6 months and 19% APR

are you saying you got approved for a 3rd capital one card, if so is it the Venture card?

Re: Capital One Card

Eddie24CO — Tue, 10 Apr 2012 21:11:57 GMT

Yes I did this is my 3rd one ands ita their MTV card , no annual fee , no interest for 6 mrha if u qualify. Ita on there website.. So everyone who said they won't approve u for more than 2 cards I don't know why got this card so easily

Re: Capital One Card

Anonymous — Tue, 10 Apr 2012 21:33:45 GMT

Oh that explains it, since its there MTV card

I have 3 capital one but 1 is a Sony Card

Re: Capital One Card

TiggerDat — Wed, 20 Jun 2012 14:04:55 GMT

They may have changed their policy, but I was told by CapOne that there was no limit to the number of cards. I applied for the CapOne MTV card too, but was declined without a pull to my credit report. I did that the day after my score jumped from 610 to 667. I routinely go to their preapproval site and look to see what they will offer me, but now it always says they can't find me in the system. I think they have blocked me from applying. I haven't gotten the letter from the MTV denial, but I figure it is for one of two reasons; already have accounts with them or that I applied from China. (I actually live there, so I really can't spend much on the cards, but am building my score and available credit for when I return from there.)